Asked by the Spanish daily AS why Liberty bought F1, Carey gave two primary answers.

"Firstly, because we believed that Formula 1, one of the most global sporting events, had entered a great crisis and needed a renewal.

"The second reason is that in the last six years, F1 had lost even economic potential. The sport is also a business, and we can help it to grow also on the digital side, which has been forgotten until now."

And so Carey said change is looming for F1, even though there is no immediate rush.

"We want to respect the history of the sport but always keep searching for new paths," he said. "My real goals are for 2020. I am more concerned about what this sport will be like in three years rather than in three months."

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